Excerpt from The Farm Real Estate Situation, 1945-46An increased proportion of the farm sales were entirely for cash during last year, although relatively easy credit conditions continued. Fifty - eight percent of all voluntary sales were entirely for cash compared with 55 percent during the previous year. Down payments on the sales financed by mortgages averaged 43 percent of the purchase price in 1945, about the same as the 2 previous years. Notwithstanding the large amounts of cash used in farm purchases, heavy debts are still being placed on many farms. About one-seventh of all purchases m 1945 involved a debt of 75 percent or more of the purchase price and about one third had a debt of 50 percent or more. On many of these farms the mortgage debt was greater than the full market value a few years ago.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.